Cable Update (GBPUSD)

The dollar is on the move. If it starts off this rough in Asia, we could see a round-robin day today. Unfortunately EU ran into the SMA100, and backed off.

Taking 180p off the table here, and off to bed.

Checking pa may play both sides take care
While eurusd different , pressure down for 1293 and 66
Attached
So overall immediately down all !

Bearish momentum being positioned few minutes ahead of retail sales. Im thinking a continued drop to the downside regardless of data. This is the third test of the monthly R2 as support. I dont think it will hold. lets see

In a Fashionably late of an extra of the Asian session,ir happened
Yes

EU, yesterday's image . I'm suspicious on why they did not take out the weeks low

I think it will be taken out. Structurally just from eyeballing it it feels to me it will be gone. They are probably waiting for that tweet from Trump confirming what the Chinese have said about removing tariffs from some US products.

But in any case, those multiple bottoms are too juicy not to be broken.

Sub 1.33 denied again

Gold, also did not escape Asian session. The plan still holds, but patience for the best buy entry.

good news reaction . may enough for now , watching 3301 and 3296 breaks for bottom test again.
need eurusd to tame down , below 1347/0.

news trading back like before 2008 doing , only back to trade at news time , then close and go.

China Foreign Ministry: China and US are not having any consultations or negotiations. So, basically, Trump is telling lies. This day could get interresting...

Daily target hit. Done for the day.

Ok, I'm in a few trades. The thinking is, China fiasco not good for AU, so long GBPAUD and short AU. At the same time the euro will also benifit from the China fallout, hence long EURAUD. USDCHF is -94 inverse correlated at the moment, so a correlation trade on the other side of my EU short. Let's see how this goes.

Hi! What do we see on the GBPUSD and on H1? price came out of the previously formed triangle, breaking through its upper side. It's also clear that the support level of 1.3245 turned out to be quite strong, not letting the price go lower and bouncing it up after a repeated retest. Therefore, it's possible to test the inclined line of the ascending local trend on this timeframe with a rebound from it upwards with the target being the resistance level of 1.3362.

My longer term outlook 4 gu

Watching mostly eurusd as signal for gbpusd ! Retest 1314 and 3274 respectively !

Just decided to have a look and We're still in this area?

I think we're heading for 1.3370
I don't see any evidence that it's attempting to go lower

Out of curiosity, what is everyone's rationale for thinking the DXY is going back above 100? I'm not suggesting that it won't, just wondering why people think that it will.